Petrolia: Work Resumes at Haldimand 4 Site
(firmenpresse) - QUEBEC CITY, QUEBEC -- (Marketwired) -- 04/27/15 -- Petrolia (TSX VENTURE: PEA) announced today that the production pump arrived at the Haldimand 4 site on April 24th. The installation of the pump began today and will be completed during the week. The pump will initially be used to complete well cleaning operations.
The well has already been opened twice to prepare for the installation of the pump, once on March 20th and a second time on April 24th. The first well opening, mainly planned to pursue well cleanup by natural flow, allowed the verification of the production separator before pump installation. The opening of the well on March 31st has enabled the production of 10,2 cubic meters (64 barrels) of light crude oil by natural means and of an additional 17.31 cubic meters (109 barrels) since the reopening on April 24th.
The opening of the well from April 24th to the 27th helps both reduce the pressure at the wellhead to allow for the installation of the pump in a safe and secure manner by using the safety valve in the rods as well as the equipment already present at the wellhead.
The pump will help continue the cleanup of the remaining drilling mud and help with the evaluation of the well potential in order to plan the next steps, which is to either undertake production tests or plan further cleanup operations before initiating production tests. This rigorous science-based process will ensure that the right decisions are made at each stage for an eventual production start-up at this site.
A total of 120.4 cubic meters (757 barrels) of drilling fluids mixed with light crude oil was already recovered during the short-term evaluation test, including 54 cubic meters of oil (340 barrels) of light crude oil between February 3rd and 15th.
This first horizontal well was drilled without hydraulic fracturing between November 25th and December 30th, 2014. Buildup and production data analysis have been used to plan the current stages.
About Petrolia
Petrolia is a junior oil and gas exploration company which owns interests in oil and gas licenses covering 16,000 km2 (4 million acres), which represents almost 23% of the Quebec territory under lease. The closing of a partnership on Anticosti Island has led to the creation of Anticosti Hydrocarbons L.P., a limited partnership in which Petrolia holds a 21.7% interest. In order to carry out the project's operations, Petrolia Anticosti Inc., a subsidiary of Petrolia, was designated project operator. Petrolia is a Quebec company whose objective is to develop oil from here, by the people here, for here. Petrolia has 80 345 195 shares issued and outstanding.
Forward-looking statements
Certain statements made herein may constitute forward-looking statements. These statements relate to future events or the future economic performance of Petrolia and carry known and unknown risks, uncertainties and other factors that may appreciably affect their results, economic performance or accomplishments when considered in light of the content or implications or statements made by Petrolia. Actual events or results could be significantly different. Accordingly, investors should not place undue reliance on forward-looking statements. Petrolia does not intend and undertakes no obligation to update these forward-looking statements.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Information
Alexandre Gagnon
President and Chief Executive Officer
418-657-1966
For interviews
Jean-Francois Belleau
Director of Public and Governmental Affairs
418-657-1966
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Datum: 27.04.2015 - 13:29 Uhr
Sprache: Deutsch
News-ID 388657
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QUEBEC CITY, QUEBEC
Kategorie:
Oil & Gas
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